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Unit 6: Business Decision Making

Techniques to analyse data

Apply a range of techniques to analyse data effectively for business purposes

Representative values: mean, median, mode, calculation from raw data and frequency distributions and using the results to draw valid conclusions

Measures of dispersion: maximum, minimum, standard deviation for small and large samples; typical uses — statistical process eg control, buffer stock levels

Calculation: use of quartiles, percentiles, correlation coefficient

Suggested Reading

Quantitative Methods: A Business Perspective

Quantitative Methods for Business Decisions

Management Information Systems

Essential Business Statistics

Quantitative Methods for Business

 

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Statistical Links

Office for National Statistics
Official Government Statistics

Eurostat

Official EU Statistics

CIA World Factbook

Information on all the countries of the world, including economic, geographical and political data.

OECD Statistics - Other statistical sources

Information on economic, geographical and political data.

All content copyright © 2007 - 2013